Tracking

August 25, 2009

Sugar shortage begins to impact

It was just over a week ago that I first wrote a post about sugar shortages sowhen I read the BBC News article about sugar shortages in South Asia it was concerning to read the impact that it is having. The article reported that the "massive shortage in sugar stocks in India and Pakistan has led to soaring prices and consumer unrest".

According to the article: "The Indian government has introduced strict limits on companies that stockpile sugar to check rising prices. Shortages led Pakistan's government to nearly double sugar prices causing public outrage ahead of the fasting month of Ramadan, which has now begun. India is the largest consumer of sugar in the world and the second largest producer, but poor monsoon rains have slashed output, forcing it to rely on imports". One report quotes states that India has just 60 days of sugar in stock.